More than 12 months after the death of the iconic musician Prince, his sister and five half-siblings have been declared his legal heirs by a District Judge in Minnesota.
The average debt for those aged 50-59 now exceeds the average savings for the same age group, research has shown. A recent survey revealed the average amount owed by this age group totals £4,641, compared to £4,511 in savings.
Startling figures have revealed the attitudes of the over 55 age group towards writing a Will. The figures indicate a widespread ignorance of the importance of writing a Will and the risks of dying intestate.
The Government’s decision to change from the flat-rate probate fee to a tiered system based on the value of the estate has been scrapped following an announcement by the Ministry of Justice (MoJ).
The impending increase in probate fees were thrown into doubt earlier this week after they were branded ‘unlawful’ by the parliamentary committee on statutory instruments.
The government’s decision to increase probate fees from £215, or £155 if families are using a solicitor, to a tiered system based on the value of the estate is patently unfair for many families according to Kings Court Trust, one of the UK’s largest estate administration specialists.
Katie Price has revealed that she hasn’t updated her Will in several years, explaining that her ex-husband Peter Andre and only three of her five children would inherit her estate if she died unexpectedly.
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